Recent Updates — RLX
RLX Technology Inc. reported unaudited second quarter 2026 financial results for the period ended June 30, 2026. Net revenues increased 14.8% year-over-year to RMB1,010.5 million (US$148.9 million), driven by international expansion and contributions from a May 2025 acquisition. Gross margin expanded significantly to 35.4% from 27.5% in the prior year period, while U.S. GAAP net income rose 1.6% to RMB222.0 million (US$32.7 million). The company also announced a strategic investment made in July 2026, acquiring a 51% equity interest and board control of a leading Western European distributor of next-generation smoke-free products, which will be consolidated starting in the third quarter. RLX Technology Inc. operates in the global e-vapor industry, developing and distributing branded electronic vapor products.